Central Credit Union of Florida Offers Excellent Rate on 36-Month CD


Deal Summary: 36-Month Share Certificate, 2.27% APY, $250 minimum deposit

Availability: Residents of seven Florida counties.

Central Credit Union of Florida (CCUF) is currently offering 2.27% APY on its 36-month Share Certificate. The minimum opening deposit is $250, with no stated balance cap. CCUF changes its rates at the beginning of the month, so the 2.27% APY should be available for the rest of April.

The 36-month Share Certificate is also available as an IRA (Traditional, Roth, CESA), earning the same APY with the same funding requirements.

According to CSR, the Early Withdrawal Penalty is 365 days of interest. Partial withdrawals are not allowed; only early closures are permitted.

Excess Share Insurance

Deposits at CCUF are fully insured up to $500,000: at least $250,000 by the NCUA and $250,000 by Excess Share Insurance, the nation’s largest provider of excess share insurance since 1993.

Your savings in Central Credit Union are insured up to $500,000. This exceptional level of coverage is attained through a combination of federal insurance provided by the National Credit Union Administration (NCUA) up to $250,000 and private insurance by the Excess Share Insurance (ESI) Corporation up to $250,000. In addition, your IRA funds are insured separately for a total of $500,000 ($250,000 by NCUA and $250,000 by ESI).


Headquartered in Pensacola, Central Credit Union of Florida’s field of membership (FOM) is residency based, with individuals who live, work, or attend school in the Florida counties of Bay, Duval, Escambia, Okaloosa, Santa Rosa, Walton, or Washington eligible to join.

CCUF has suspended lobby service at all five Florida branch locations, but “all transactions possible may be conducted through our drive-thrus at all other Central Credit Union branches.”

According to CSR, the easiest way to join CCUF and/or open a Share Certificate (at this time) is by calling 850.474.0970 during normal business hours. CSR also stated that the only thing that can’t be done over the phone is providing a signature.

You become a member of Central Credit Union of Florida when
you purchase one share, a $5.00 value, in the credit union.

In addition to participating in the CO-OP Shared Branch and ATM networks, CCUF participates in the AllPoint ATM network, giving its members access to more than 85,000 surcharge-free ATMs.

Credit Union Overview

Central Credit Union of Florida has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 4.42% (excellent), based on December 31, 2019 data. CCUF has an excellent capitalization level (11.67%), the result of holding $173 million in assets with $20.2 million in equity. Please refer to our financial overview of Central Credit Union of Florida (NCUA Charter # 93417) for more details.

Established in 1962, the Central Credit Union of Florida was initially known as West Florida Central Credit Union (WFCCU). The original FOM was unique: only union employees and officials in the West Florida area were eligible to join. The FOM was expanded seven years later when liquidating credit unions and “small employee groups” without a credit union were added. This provision paved the way to more than 15 small credit unions merging into WFCCU. The Central Credit Union of Florida rebrand occurred in 1978 when WFCCU and Jacksonville Central Credit Union merged. In 1982, the FOM began expanding, by allowing individuals who lived within 100 miles of CCUF to join. The latest mergers occurred in 2007 (Endeavor FCU) and 2018 (Pensacola L&N CU). Central Credit Union of Florida is currently the 51st largest credit union in Florida, with more than 17,000 members and assets in excess of $173 million.

How the Share Certificate Compares

When compared to 193 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Central Credit Union of Florida’s 36-Month Share Certificate APY currently ranks first.

The above rates are accurate as of 4/13/2020.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Tallahassee CD rates, Panama City CD rates, Mobile CD rates, 5-year CD rates

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